Glonway, August 11 | Furui released a report stating that Giordano's performance in the first half of the year was in line with Yingxi's forecast and better than the bank's estimates. Although sales were lower than the bank's expectations, both gross margin and EBITM were better than expected, thanks to its strategy of focusing on products with high average sales prices and high profits. The target price was raised from HK$2.9 to HK$3.6, while the net profit forecast for this year to the next year was raised by 16/7/ 2%, respectively, to maintain the “buy” rating.